TPI Composites (TPIC) Receives a Hold from Stifel Nicolaus

Stifel Nicolaus analyst Stephen Gengaro maintained a Hold rating on TPI Composites (TPIC – Research Report) today and set a price target of $4.00. The company’s shares closed last Friday at $3.74.

Gengaro covers the Energy sector, focusing on stocks such as DMC Global, US Silica Holdings, and Solaris Oilfield Infrastructure. According to TipRanks, Gengaro has an average return of 2.6% and a 40.30% success rate on recommended stocks.

Currently, the analyst consensus on TPI Composites is a Hold with an average price target of $3.76, representing a 0.53% upside. In a report released on May 3, Craig-Hallum also maintained a Hold rating on the stock with a $4.00 price target.

Based on TPI Composites’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $296.99 million and a net profit of $13.37 million. In comparison, last year the company earned a revenue of $402.28 million and had a GAAP net loss of $57.77 million

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TPI Composites (TPIC) Company Description:

TPI Composites, Inc. is a holding company, which engages in the manufacture of composite wind blades for the wind energy market. It operates through the following segments: United States (US); Asia; Mexico; and Europe, the Middle East, and Africa (EMEA). The US segment includes the production of wind blades in Newton, Iowa plant; and manufacturing of precision molding and assembly systems used for the manufacture of wind blades in Warren, Rhode Island facility, and composite solutions for the transportation industry. The Asia segment produces wind blades in Taicang Port, Dafeng, and Yangzhou, China facilities. The Mexico segment focuses its operation of wind blades in Juárez and Matamoros, Mexico. The EMEAI segment offers wind blades from two facilities in Izmir, Turkey; and also performs wind blade inspection and repair services. The company was founded by Everett Pearson and Neil Tillotson in 1968 and is headquartered in Scottsdale, AZ.